Seagate Technology - Fundamentals Message Board

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Technology Stocks : Seagate Technology - Fundamentals

STX 287.54

+4.4%

Jan 2 9:30 AM EST

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To: Kevin Linder who wrote (1624)	4/2/2000 11:46:00 AM
From: MikeM54321	Read Replies (2) of 1989

"....most of the big brokerage firms are calling for VRTS to be at $200 by 12 months. That would change this deal to somewhere in the $98 per share range." Kevin- My guess is your conversion factor isn't going to work quite that way. Don't you see a mass exodus of SEG, turned VRTS, shareholders selling on the day they get the opportunity? Personally, I know I am of that mind. I'm not interested in holding VRTS shares but am interested in holding SEG shares due to the apparent bottom the HDD industry is in. SEG is a value play. VRTS is an Internut play. SEG Management knows this. LBO players know this. If so, then this will keep a lot of downward pressure on the conversion ratio. In other words, even if VRTS ends up going to $200/share, SEG is not going to follow at $98. OR another way to put it, suddenly VRTS has a lot more to worry about and may not never reach the $200/share price analysts have previously forecasted. Six one way, half-dozen the other. Let me know if you think my reasoning is flawed. Thanks. -MikeM(From Florida)

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